Latest Ratios: P/E Ratio -26.8x · EV/EBITDA N/A · ROE -8.6%. (2010–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $68M | $86M | $111M | $14M | $35M | — | — | — | — | — | — |
| Enterprise Value | $55M | $72M | $110M | $24M | $40M | — | — | — | — | — | — |
| P/E Ratio → | -26.78 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.30 | 1.62 | 2.47 | 0.31 | 0.82 | — | — | — | — | — | — |
| P/B Ratio | 1.92 | 2.39 | 5.48 | 1.09 | 1.97 | — | — | — | — | — | — |
| P/FCF | — | — | 99.01 | — | 38.42 | — | — | — | — | — | — |
| P/OCF | — | — | 98.72 | — | 34.95 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.36 | 2.46 | 0.53 | 0.95 | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | 98.55 | — | 44.49 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.6% | 36.6% | 40.8% | 41.3% | 41.7% | 44.2% | 46.3% | 24.6% | — | — | -1891.3% |
| Operating Margin | -5.3% | -5.3% | -16.2% | -36.8% | -23.6% | -30.8% | -11.0% | -74.0% | — | — | -28125.0% |
| Net Profit Margin | -4.5% | -4.5% | -22.3% | -39.3% | -35.3% | -30.1% | -20.3% | -72.2% | — | — | -29708.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.6% | -8.6% | -60.2% | -116.8% | -90.8% | -84.2% | -85.0% | -57.5% | — | — | -2856.4% |
| ROA | -5.6% | -5.6% | -29.4% | -56.4% | -46.7% | -36.5% | -24.8% | -14.6% | -855.2% | -392.9% | -100.9% |
| ROIC | -10.1% | -10.1% | -25.4% | -54.3% | -31.1% | -37.3% | -17.2% | -19.7% | — | -338.6% | -80.7% |
| ROCE | -8.0% | -8.0% | -28.9% | -70.3% | -39.1% | -43.9% | -15.2% | -18.4% | — | — | -494.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.57 | 0.92 | 0.58 | 0.77 | 2.25 | 1.13 | — | — | 11.65 |
| Debt / EBITDA | — | — | — | — | — | — | 16.21 | — | — | — | — |
| Net Debt / Equity | — | -0.38 | -0.03 | 0.78 | 0.31 | 0.63 | 1.33 | 0.78 | — | — | 11.31 |
| Net Debt / EBITDA | — | — | — | — | — | — | 9.55 | — | — | — | — |
| Debt / FCF | — | — | -0.46 | — | 6.07 | — | 3.46 | — | — | — | — |
| Interest Coverage | -6.93 | -6.93 | -7.56 | -4.87 | -2.53 | -3.05 | -0.64 | -3.38 | -98.87 | -45.69 | -17.95 |
Net cash position: cash ($15M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.40 | 4.40 | 1.92 | 1.19 | 1.37 | 1.61 | 3.70 | 2.12 | 0.00 | 0.19 | 0.27 |
| Quick Ratio | 4.40 | 4.40 | 1.92 | 1.19 | 1.37 | 1.61 | 3.70 | 2.12 | 0.00 | 0.00 | 0.04 |
| Cash Ratio | 2.66 | 2.66 | 1.22 | 0.23 | 0.60 | 0.40 | 2.26 | 0.90 | 0.00 | 0.00 | 0.04 |
| Asset Turnover | — | 1.11 | 1.18 | 1.50 | 1.28 | 0.82 | 1.26 | 0.10 | — | — | 0.00 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | 0.66 | 0.45 |
| Days Sales Outstanding | — | 60.81 | 47.11 | 56.83 | 47.16 | 87.44 | 41.19 | 567.30 | — | — | 246.38 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.1% | 0.1% | 0.8% | 0.3% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 1.0% | — | 2.6% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.2% | 0.1% | 0.1% | 0.8% | 0.3% | — | — | — | — | — | — |
| Shares Outstanding | — | $95M | $55M | $47M | $27M | $18M | $15M | $15M | $6M | $6M | $6M |
Operating scale and profitability
Based on reported figures, Castellum trades at a price-to-sales multiple of 1.27, which suggests the market is prioritizing top-line expansion over current earnings, as the company's negative TTM P/E of -26.32 reflects the ongoing challenges in achieving profitability during this aggressive growth phase.
The current valuation appears to be driven by the company's 18.1% revenue growth rather than traditional earnings multiples, which are currently distorted by persistent net losses. Investors should monitor whether the market's growth-oriented pricing remains sustainable if the company fails to demonstrate a clear path toward positive net margins in upcoming quarters.
As reported in financial statements, Castellum's ROIC has struggled to remain in positive territory, fluctuating from a low of -8.7% in 2024Q1 to a marginal 1.5% in 2025Q3, indicating that the firm has yet to generate consistent returns on its invested capital base.
The inability to sustain positive ROIC suggests that the company's capital allocation, while disciplined in terms of debt, has not yet translated into efficient operational returns. This trend warrants further investigation into whether the recent acquisitions are diluting the company's overall return profile or if the current scale is simply insufficient to cover the cost of capital.
According to recent SEC filings, Castellum's DSO has shown significant volatility, ranging from 47 to 68 days over the last ten quarters, which highlights the inherent friction in milestone-based billing cycles typical of federal government services and its impact on overall working capital efficiency.
The variability in DSO suggests that the company's cash conversion cycle is highly sensitive to federal administrative processes and contract milestone approvals. Investors should monitor these trends closely, as any sustained increase in unbilled receivables could signal potential delays in cash realization that might strain the company's liquidity position.
Based on the company's reported figures, Castellum has successfully reduced its debt-to-equity ratio from 0.98 in 2024Q2 to a negligible 0.02 in 2026Q1, providing a fortress-like balance sheet that insulates the firm from interest rate volatility despite its ongoing operational losses.
This minimal reliance on debt is a notable strength for a micro-cap firm in the federal services sector, as it avoids the interest coverage risks that often plague peers during periods of negative cash flow. However, the lack of leverage may also suggest an under-utilization of capital that could be deployed to accelerate growth if the company can identify high-return opportunities.
As reported in financial statements, the most commonly misapplied metric for Castellum is the net margin, which currently sits in negative territory and obscures the company's strategic investment in bid-and-proposal activities necessary to scale its federal contract backlog.
Focusing solely on net margins ignores the reality that Castellum is currently in a growth-at-all-costs phase where heavy investment in human capital and contract acquisition is required to reach the next revenue tier. Analysts should instead prioritize backlog growth and prime-contract win rates as more accurate indicators of the company's long-term competitive positioning.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying CTM stock.
Castellum, Inc.'s current P/E ratio is -26.8x. This places it at the 50th percentile of its historical range.
Castellum, Inc.'s return on equity (ROE) is -8.6%. The historical average is -71.9%.
Based on historical data, Castellum, Inc. is trading at a P/E of -26.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Castellum, Inc.'s current dividend yield is 0.16%.
Castellum, Inc. has 36.6% gross margin and -5.3% operating margin.